The Link Between Competitive Advantage and Corporate Social Article

The Link Between Competitive Advantage and Corporate Social Responsibility - Article Example In reference to McDonald’s corporate social responsibility, the company is taking action, maintaining openness in communication with its customers and shareholders. For instance, the company has adopted socially responsible programs in order to engage the community its operation and be responsible for its activities. For example, as part of it being socially responsible, McDonalds has formulated a way of engaging communities in operations through community-based projects that benefit the society. More so, the company works with its suppliers to promote socially responsible behaviors or practices in its supply chain as an integral part of the company’s supply chain strategy. McDonald has a strong social responsibility program that aims to incorporate societies in the management and operation of the company. The company has included several things in its social responsible program that aim to make it more socially responsible. For instance, they have implemented service p rogram that aim to develop sustainable agriculture, employment policies and practices, health and nutrition. The company has environmental principles that aim to attain a sustainable society in more than 117 profitable growth restaurants globally. Additionally, in order to ensure that it achieves employee experience and employ a diverse long-term target, it has acknowledged that it has a strong community workforce. The McDonald House program ensures that children in vulnerable communities can receive medication and dental treatment in order to improve their health. The harm that could be embodied in these services is that it may stop funding some programs because some groups especially in Asian countries are opposing it. Charitable work may contribute to the sustainability of society. However, McDonalds provides little basis for balancing long-term objectives against short-term costs they incur (Porter and Kramer 82). Therefore, managers at McDonalds need to approach CSR program str ategically in order to be competitive and remain in the market. 2) Choose any ethical dilemma and using the concepts in Paine’s article â€Å"Ethics: a basic framework†, describe your recommended course of action using the following questions: Is the action consistent with the actor's basic duties? Does it respect the rights and other legitimate claims of the affected parties? Does it reflect best practice? Is it compatible with the actor's own deeply held commitments? Markets are sometimes unethical but market participants usually make ethical decisions about people and practices they meet in the marketplace. A basic moral duty is to act or not act in a certain way. Duties are owed to other parties such as the company, customers, public, and the company. Wal-Mart Company has been faced with an ethical dilemma regarding the decisions of its store manager to embezzle employee’s bonuses. Wal-Mart managers are usually faced with conflict of interest in that they fi nd it difficult to make decisions because they do not know whether their decisions are right or wrong. Self-interest at Wal-Mart made the company lose over $50 million in that the store manager took the company’s money inform of many incentives provided by the company to the workers. These incentives are part of bonuses that the company provides to its store managers. This manager did not respect the dignity of the people that are employed by Wal-Mart.

World trade and money Essay Example | Topics and Well Written Essays - 3250 words

World trade and money - Essay Example National governments can often vary the levels of protection to reflect perceived national interests, and as a reflection of which countries they prefer to trade with. Protectionism is the restriction of trade through various means and measures. Protectionist measures such as import quotas tariff restrictions, and complete bans of imports of certain products or products from certain countries have been around for a long time. There can be less formal protectionist measures such as insisting that imported products have to meet certain quality or safety standards, and in the past some countries insisted that imports were only allowed through certain ports or airports that only limited storage capacity.1 Such measures have tended to be adopted by national governments to protect their own domestic producers and businesses from foreign competition. Tariffs and import quotas have been justified by arguments about protecting jobs, vital or sensitive sections of the economy, and of course bu siness profits. The criteria or justifications for adopting protectionist measures and policies will vary from country to country, sometimes those justifications can contradict each other leading to differing levels of protectionism for differing sectors of differing economies.2 Protectionist measures can be overtly restrictive such as the imposition of tariffs, custom, and excise duty charges, import quota levels or outright bans on the importing of specific products. The imposing of overt protectionist measures can have various responses.3 Protectionism can lead to trade wars between rival countries or increasingly between rival trading blocs. The adoption of protectionist measures can lead to trade discussions between those countries and trading blocs. Trade discussions can either involves direct talks or talks through trade organisations such